MTN Nigeria has reported that N479.10 billion was generated from sales of airtime, data, SMS, and other business-related services in Q2 2022, rising by 18.02% from the N405.94 billion of Q2 2021.
However, despite the revenue growth, MTN Nigeria recorded a dip in one of its major revenue sources, Voice (airtime), which fell to N200.74 billion in the period under review, failing to surpass the N203.98 billion recorded in Q2 2021.
The telecommunications company was saved by growth in data segment, after the y’ello network grossed N185.54 billion between April to June 2022, generating more than the N122.82 billion MTN subscribers spent in the same period in the second quarter last year.
MTN Nigeria also grew earnings from SMS, reporting Nigerians sent text messages worth N16.45 billion within the three months of Q2 2022, raising the turnover from the segment above the N11 billion grossed from its users in Q2 2021.
At the end of the period in review, MTN Nigeria was able to close the second quarter of this year with N84.80 billion profit after tax, in contrast to the N68.08 billion profit the network provider had recorded a year before.
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